THE ROYAL ETHIOPIAN TRUST INC

EIN: 934041676 501(c)(3) Arts, Culture & Humanities

CENTERBROOK, CT

Total Revenue
$227,607
Total Expenses
$96,695
Total Assets
$195,029
Net Assets
$176,123
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
CT
Principal Officer
NICHOLAS MELILLO
Phone
2037389377
Tax Period
2024-01-01 to 2024-12-31

THE ROYAL ETHIOPIAN TRUST INC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $228K in total revenue in fiscal year 2024. Revenue surged 355% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131K, a strong 58% operating margin.

Mission

THE ROYAL ETHIOPIAN TRUST (RET) IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO ADVANCING THE LEGACY OF HIS IMPERIAL HIGHNESS PRINCE ERMIAS SAHLE-SELASSIE AND FOSTERING THE WELL-BEING OF THE ETHIOPIAN PEOPLE. RETS MISSION IS TO SAFEGUARD, RAISE AWARENESS OF, AND FORTIFY ETHIOPIAN CULTURE AND UNITY. THIS MISSION IS CARRIED OUT THROUGH FOUR CORE PROGRAMMATIC PILLARS: 1. EMPOWERING ETHIOPIAS FUTURE SUPPORTING THE INTELLECTUAL AND MORAL GROWTH OF ETHIOPIAN YOUTH THROUGH SCHOLARSHIPS, MENTORSHIP, AND ACCESS TO EDUCATIONAL PROGRAMS. 2. FOSTERING ETHIOPIAN ENTREPRENEURSHIP ENCOURAGING ECONOMIC DEVELOPMENT THROUGH MICROFINANCE, TRAINING, AND LOCAL BUSINESS SUPPORT. 3. PRESERVING ETHIOPIAS IMPERIAL HERITAGE PROMOTING NATIONAL PRIDE AND HISTORICAL AWARENESS BY RECOVERING, PRESERVING, AND EXHIBITING SIGNIFICANT CULTURAL AND HISTORICAL ARTIFACTS. 4. SUPPORTING THE ETHIOPIAN CROWN UPHOLDING THE ETHIOPIAN MONARCHY AS A UNIFYING SYMBOL OF ETHIOPIAS IDENTITY AND CULTURAL INTEGRITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $227,574
Program Service Revenue $0
Investment Income $33
Other Revenue $0
TOTAL REVENUE $227,607

Expense Breakdown

Grants Paid $33,200
Salaries & Benefits $16,000
Fundraising Expenses $17,154
Program Expenses $62,375
Other Expenses $47,495
TOTAL EXPENSES $96,695

Year-over-Year Comparison

2024 2023 Change
Revenue $227,607 $50,022 +3.6%
Expenses $96,695 $4,811 +19.1%
Net Income $130,912 $45,211 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
2
$16,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERMIAS SAHLE SELASSIE CHAIRMAN OF 4.00
Director
$16,000 $0 $16,000
ANANIA ABEBE AID TO CAMP 2.00
Director
$0 $0 $0
ADAM VON GOOTKIN VICE PRESIDE 5.00
Officer
$0 $0 $0
SOLOMON KIBRIYE PRESIDENT 3.00
Officer
$0 $0 $0
NICHOLAS MELILLO TREASURER 5.00
Officer
$0 $0 $0
GIOVANNI RUFFINI SECRETARY 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $227,607 $96,695 $195,029 $130,912
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